Dell's board met Monday night to vote on a $24 billion offer to take the company private, according to a report.

According to Bloomberg, the deal may be announced Tuesday morning. The report adds that the offer puts Dell's value at $13.50 to $13.75 a share. Dell closed Monday at $13.27 giving it a market value of around $23 billion.

Among the backers in the plan is Microsoft, which is investing $2 billion and Silver Lake Management, which will invest $1 billion-plus. CEO and Founder Michael Dell will contribute his 15.7% stake, which is valued at $3.6 billion, and invest another $700 million, which will give him a majority stake in his company.

Reps from Dell could not be reached for comment on the report.

Reports about taking the company private began surfacing in mid-January. Dell's stock has been up about 31% since the beginning of the year.

Taking the company private would in theory give it more freedom to pursue growth strategies without worrying about challenges from investors.

What's Hot

More in Business

What's New

What's Rising

What's Hot

Mashable
is a leading global media company that informs, inspires and entertains the digital generation. Mashable is redefining storytelling by documenting and shaping the digital revolution in a new voice, new formats and cutting-edge technologies to a uniquely dedicated audience of 42 million monthly unique visitors and 24 million social followers.